The Nigerian Presidential Muhammadu Buhari has approved the establishment of a Presidential Enabling Business Environment Council.
The Minister of State, Industries, Trade and Investment, Aisha Abubakar, disclosed this at the opening of the 11th Abuja International Trade fair.
She said the council would help remove the administrative bottleneck associated with doing business in the country.
“The council intends to review and remove all encumbrances to trade facilitation, enforce simplification as well as streamlining the export and import documentation and procedures leveraging on technology with a view to removing administrative bottlenecks,” she said.
“With this in place, we hope to achieve a reduction in the cist of doing business in Nigeria. Other areas of reform will include improved efficiency in business registration, entry process including visa reforms, land reform registration, contract agreements etc” The Minister added.
In his welcome address, the President Abuja Chamber of Commerce and Industry, Mr. Tony Ejikeonye said the Organised Private Sector is ready to support programmes and ideas on policy formulation that would address the economic challenges facing the nation.
“We must make it in Nigeria if we must find our way out if the current economic challenges. We believe that this platform having been identified as a key activity in the global commercial sector will enhance and promote small and medium enterprises which drives the world economies,” he said.
The present administration has indicated its willingness to diversify the economy as a matter of urgency. We as the voice of the Organized Private Sector will support the programme in whatever way possible, particularly with ideas on policy formulation in the way that could yield practical results since we wear the shoes and know where they hurt” he added.
Mr Ejikeonye further appealed to the government to put in place valuable economic motivation plan that will encourage and boost the activities of the small and medium enterprises.
The 11th Abuja International Trade fair with the theme; “MAKE IT IN NIGERIA” features participants across Nigeria as well as other countries including China, Ecuador, Ghana, Egypt, Pakistan, India, Brazil among others.